Binance How to Deposit Cryptocurrency on Binance

[Shaf]

Binance is the largest cryptocurrency centralized exchange and it's one people use a lot to trade or convert their cryptocurrency to fiat.

You need to have cryptocurrency on the exchange to do this, and you can choose to deposit coins or tokens from another platform or wallet to Binance. To do this, you first need an address on Binance for the crypto you want to to deposit.

On the app, you should tap on 'Overview' at the top, then click on 'Deposit'. You then choose the coin you want by scrolling or typing the name.

The next step is one to be very careful with as you can lose your coins of not careful. When you tap on the coin, depending on what it is, you might see that there are different options of chains to use, for example, USDT is supported on more than four chains.

Check where you are sending the coin from and find a corresponding one on Binance, then click on it.

You will be given a unique address that can be copied and posted on the other platform. Make sure you do this properly too, without changing a single digit.

You should also check for the minimum allowed for deposit. If what you are sending is lower than that, you will lose it due to charges.

Send the coins and wait for network confirmation which can also vary fro a few seconds to hours depending on the chain used.

 

[Mika]

You can receive cryptocurrencies on your Binance account either by sharing your crypto address or QR Code (of the currency you are trying to deposit on your Binance account) or Binance Pay ID. While Binance Pay ID is for transfer between Binance to Binance accounts, a crypto address or code can be used to receive funds from Binance accounts or external wallets and exchanges. User-to-user transfer through Binance Pay ID or wallet address is free (you can send and receive funds to/from Binance users for free), and sending to external wallets comes with fees. While depositing from Binance accounts is almost instant, it takes time for your assets to be credited if you are using external wallets. If you are not sure about the kind of assets you will be receiving from another Binance user, the best way to perform the transaction is through Binance Pay ID. Deposit by banks is not globally available.

 

[saoussen5765]

You can receive cryptocurrencies on your Binance account either by sharing your crypto address or QR Code (of the currency you are trying to deposit on your Binance account) or Binance Pay ID. While Binance Pay ID is for transfer between Binance to Binance accounts, a crypto address or code can be used to receive funds from Binance accounts or external wallets and exchanges. User-to-user transfer through Binance Pay ID or wallet address is free (you can send and receive funds to/from Binance users for free), and sending to external wallets comes with fees. While depositing from Binance accounts is almost instant, it takes time for your assets to be credited if you are using external wallets. If you are not sure about the kind of assets you will be receiving from another Binance user, the best way to perform the transaction is through Binance Pay ID. Deposit by banks is not globally available.

It depends from the site rewarding payout option if they adopt binance pay ID or you have to share your deposit address and also cash out must be over the minimum payout.

 

[Ramolak19]

Depositing cryptocurrency on Binance is a relatively straightforward process. First, log into your Binance account, then select the “Funds” option, then click “Deposits”.


Select the type of cryptocurrency you want to deposit, then copy the associated deposit address and paste it into the wallet from which you are sending the funds. After your wallet has confirmed the transaction, the funds should arrive in your Binance account within a few minutes.
When the deposit is complete, a confirmation email will be sent to your registered email address. It is important to double-check the deposit address, as sending cryptocurrency to an incorrect address may result in permanent loss of funds.

 

[saoussen5765]

Depositing cryptocurrency on Binance is a relatively straightforward process. First, log into your Binance account, then select the “Funds” option, then click “Deposits”.


Select the type of cryptocurrency you want to deposit, then copy the associated deposit address and paste it into the wallet from which you are sending the funds. After your wallet has confirmed the transaction, the funds should arrive in your Binance account within a few minutes.
When the deposit is complete, a confirmation email will be sent to your registered email address. It is important to double-check the deposit address, as sending cryptocurrency to an incorrect address may result in permanent loss of funds.

You do not need to copy the address just scan QR code and make deposit from the other wallet. As they provide both forms QR and wallet addres.
See this:

When copy the address to link to FaucetPay for binance cash outs then click on the two rectangles to copy and that is it all.

 

[HOLA]

Binance is a popular centralized cryptocurrency exchange that allows users to deposit and trade various cryptocurrencies. To deposit crypto on Binance, you need to have an address on the platform for the specific coin you want to deposit. You can do this by clicking on 'Overview' at the top, then 'Deposit' and choosing the coin you want.